Which of the Following Statements Is Most Likely True of Market

question 45

Multiple Choice

Which of the following statements is most likely true of market follower strategies?

• A) Market followers have the resources to expand the market by developing new users, new uses, and more usage of its products.
• B) Market followers must expand internationally first to ensure distribution effectiveness, cost savings, and quality control.
• C) Market followers should conduct indirect attacks on competitors' weaknesses to gain market share quickly and inexpensively.
• D) Market followers benefit from pursuing subsegments of target markets due to their limited resources.
• E) Market followers must keep manufacturing costs and prices low or product quality and services high.

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Definitions:

Symbolic Thought

The ability to use symbols, signs, or objects to represent something else, marking a key aspect of human language and cognitive development.

Concrete Operational Thought

A stage in Piaget's theory of cognitive development during which children gain the ability to think logically about concrete events and understand the concept of conservation.

Conceptual Knowledge

The understanding of principles and relations among objects, facts, and ideas within a certain domain.

Declarative Knowledge

Knowledge that can be consciously recalled, such as facts and information.